PCF.L Regulatory News (PCF)

16 March 2020

PCF Group plc

("PCF", the "Company" or the "Group")

Director Resignation

PCF announces the resignation of David Bull as a director of the company. David has been with the Group since August 2015 and, having spent almost five years at PCF, has decided to leave effective from September 2020, to further his executive ambitions in a new organisation.

The Company will commence a recruitment process to identify and appoint a successor to David.

Scott Maybury, Chief Executive of PCF, commented: 

"David was instrumental in helping us gain authorisation as a bank and build our new infrastructure, governance and controls. He also assisted in the diversification of new business lines as well as champion change across the bank. We wish David every success in the future."

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For further information, please visit https://pcf.bank/ or contact:

About PCF Group plc (www.pcf.bank)

Established in 1994, PCF Group plc is the AIM-quoted parent of the specialist bank, PCF Bank Limited. Since commencing operations as a bank in 2017, the Group has increased its lending portfolio significantly from £146million to £395million. The Group will retain its focus on portfolio quality and has the capability to lend increasingly to prime segments of its existing finance markets. The Group has also recently diversified its lending products and asset classes through acquisition and by setting up new organic operations.

PCF Bank currently offers retail savings products for individuals and then deploys those funds through its four lending divisions:

• Business Finance which provides finance for vehicles, plant and equipment to SMEs;

• Consumer Finance which provides finance for motor vehicles to consumers;

• Azule Limited which provides finance to the broadcast and media industry; and

• Bridging Property Finance which provides loans to companies and sole traders investing in residential property.

The Group has a track record of strong financial performance and an efficient and scalable business model, with significant room to grow. Utilising its technologically advanced platform, the Bank provides both depositors and borrowers with a high level of service and a straightforward, simple range of products tailored to suit their needs.

For media enquiries please contact media@pcf.bank

Recently recorded video profiles of PCF's Bridging Finance, Azule Broadcast Equipment Finance, and Savings divisions are available at the Company's profile page on the London Stock Exchange website: https://profile.lsegissuerservices.com/PCFGroup/overview.